Alphabet Inc. (NASDAQ: GOOGL) has underperformed its tech peers in 2025, with shares down 7.8% year-to-date. Recent price action suggests a potential bullish reversal, as the stock has bounced 24% off its low and reclaimed its 200-day SMA.

Despite lagging behind, GOOGL remains strong fundamentally, with a leading position in search, YouTube, and AI. Q1 earnings beat expectations, and with $100 billion in cash on hand, the company has flexibility for growth and shareholder returns.

Alphabet is set to report Q2 earnings on July 22. Strong fundamentals and technical strength heading into earnings could be a positive signal for the stock. With low expectations and a reasonable valuation, Alphabet may be poised for a catch-up trade in the market.

Alphabet’s recent technical strength, rebound from lows, and reclaiming of the 200-day moving average indicate a shift in trend. If the stock can break above $180 resistance, it could confirm a longer-term bullish move. Investors seeking quality, value, and upside potential should keep a close eye on Alphabet.

Read more at Nasdaq: Alphabet: Technical Momentum Is Starting to Turn